After years of uncertainty, there is finally some significant movement.
On 17 July, the final piece of legislation was laid before Parliament to enable HMRC’s new Loan Charge Settlement Opportunity, and the doors open on 5 August 2026.
For around 32,000 taxpayers, this could represent a genuine opportunity to draw a line under years of uncertainty.
HMRC has indicated that some taxpayers could save up to £70,000 in interest and penalties under the new arrangements.
If your client (or indeed yourself) received a letter from HMRC in November 2025 or February 2026, they may already know that they fall within the scope of this opportunity.
So here’s my advice…
It’s even more important that your client opens the next brown envelope that lands on their doorstep and seeks assistance.
It could be the letter that finally helps bring an end to years of stress, uncertainty and unanswered questions.
I’m already working through the new legislation and will be sharing further updates as the practical implications become clearer.
Please register your interest today in preparation for 5th August:Â paul@pmc.tax
#LoanCharge #HMRC #TaxInvestigations #TaxAdvice #BreakingNews
